The Small Business Tax Help Blog

Posts Tagged ‘smallbusiness’

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IN BRIEF

Nye County Public Works Department will hold the 2010/2011 fiscal year Roads Workshop at 6 p.m., Feb. 25. All petitions received before Oct. 31, 2009, will be considered for the 2010/2011 chip seal season.

Question: What is a good book on Small Business Taxes?

I am looking for advice on how to best work my deductions and tax advantages as a small business owner.

Answer: Here you go

http://www.amazon.com/exec/obidos/ASIN/1413305296

http://www.amazon.com/exec/obidos/ASIN/0471714437

Business owners discuss job creation, challenges to growth

Experts say small businesses will help put people back to work as the economy recovers. But many small business owners say taxes, regulations and other issues beyond their control stand in their way of expansion.

Sen. Cornyn Offers Amendment To Protect Small Business Owners From Higher Taxes

Trying to outline, especially in these tough economic times, the fund raising idea, which needs to be of usefulness both to your would-be customer, as well as to the bottom line of your organzation, can be daunting.

Sometimes, it feels like you’re called upon to stage miracles with little or no time and even less to invest in the project. The bottom line is that fund raising is a small business and needs to be treated as such.

To often the beginnings of these projects occur out of a quick decision to accomplish, this or that, with no apparent aim other than to manufacture some quick cash. Sometimes profitable, now and again not.

The fund raising idea needs to be well planned out for any sized project great or small.

During your planning stage, you need to ask yourself. In addition to providing funds in support of my organization, how am I contributing to the lives of persons who help us? That could seem like an peculiar question when all you need are funds for a church retreat, or school band uniforms, but in these tough fiscal times you would like to add value to whatever thing that you offer to your customer. Remember that customer is most often not going to be at the retreat, and will not benefit in the way persons privileged to have been sponsored will benefit.

What are you giving him or her?

What’s their value?

Sometimes it’s sufficient that it’s a tax write off, or solely the feeling of giving to and serving a first-rate cause. But more and more often with the budget being what it is, we need to discover a deeper ‘why’, what does this fix for your customer?

I moreover caution you to carefully consider the consumer opinion of a certain fund raiser, a few such as magazine subscriptions have been twisted to scams in recent years to the point that many decline to buy such subscriptions from a smiling faced youngster at their door due to the ordinary belief that such is nothing more than a trick, not really attached to the organization they profess to be with.

And that does not even consider the risky nature of children going to strangers doors, with or without adult supervision.

So in considering the fund raising idea you need to consider the complete picture. Yes, you need funds, but the customer needs value.

With every fund raising idea, ask yourself, ‘What does this item, service or product offer our average customer and what will their mechanical response to it be?”

Find something more than the tax write off, or the helpful feeling, since you obtain those with whatever your donation is.

What’s the real value? Find something that saves them cash, perhaps a discount card, or a online shopping mall with discounts and you produce a solid value to show the customer.

If they know they can make a percentage back on their next hotel stay or an upfront price cut from a local business that’s value.

You need to take into consideration the area and what has worked for other organizations in your area, rules are not set in rock, a ample variety of fund raisers can succeed.

But you could hit upon your winning combination in a fund raising idea that takes the time to consider customer needs and add value to their lives.

Obama wants Street to pay

BARACK Obama is planning a tax raid on banks to claw back some of the support thrown at America’s financial system.

Small Business Foreign Tax Credit Planning, by Brian Dooley, CPA, MBT

Question: What do you think of this idea?

I think the US should make it very easy to obtain a work visa to come to the US with these guidelines:
1. All workers are to pay a set 25% tax rate.
2. They will not be allowed to use our social services.
3. They are not elligible for Social Security benefits.
4. All these regulations can change upon get legal citizenship.
5. Use a database to verify status upon employment and punishing businesses who violate these regulations.
The reason for this is because a large portion of immigrants come here and abuse our system with no intention of becoming citizens and eventually go back to their own country.

Answer: OK I would go along with that but ONLY IF all illegals are deported first and are identified as they return here. Employers who cheat the workers OR the government (on the taxes) would get mandatory 10 years in prison with no possibility for early release (for EACH infraction) AND alien workers caught cheating AND THEIR FAMILIES are deported immediately losing all their possessions and holdings, with no possibility for return for them OR their family members.

Government/Regulations: Related News

1/14/2010 - FMCSA Schedules Fourth HOS Listening Session in Iowa The Federal Motor Carrier Safety Administration has scheduled its fourth listening session on the truck driver hours of service rulemaking in a location near truck parking....

First, Why We Need a Fair Tax

Question: If govt aid can help bankers and train companies, why not the thousands of small petrol stations closing down?

It’s getting very hard indeed to buy petrol in rural areas, petrol stations closing down will mean country drivers being stranded. Considering that those businesses have for years been collecting tax on every gallon sold, isn’t it time now for government help?

Answer: Government aid is not being used for the East Coast rail line. The franchise is being taken back into state ownership and no companies are receiving money.
That is the way it should be for me. No petrol stations or any other business should get government funding - when they do everyone wants a piece of the action and everybody thinks they have a good case. there is not enough subsidising money to go around, leave it to free enterprise and market forces to sort it out.

Chamber center hosts training

LAKE IN THE HILLS – Sponsors of the Small Business Center at the Algonquin-Lake in the Hills Chamber of Commerce will conduct a tax and e-mail marketing training event at 9 a.m. Tuesday at the chamber office, 2114 W. Algonquin Road.

Shepard Smith-Thanks for Showing how 'Joe the Plumber' is Crazy & Dangerous!!!